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HDFC

HDFC LIFE for positional trade - 1 yearHDFC LIFE is a blue chip company and market leader in LIFE Insurance sector, specifically Term Life insurance. As retail investors increase in Indian equity, they realize it is better to keep life insurance and investments different hence they would choose Term life over Endowment and ULIP plans. This company would be a huge beneficiary of this consumer behavior change. Possible bearish signs can be: New players disrupting the market as government have constantly giving push to this sector. More claims due to unforeseen events like covid or climate related disasters. However this might also motivate people to start opting for the policies. Disclaimer: Just my analysis , I'm not a SEBI registered advisor. Not a financial advise at all feel free to comment and share your views
NSE:HDFCLIFELong
by lakshay1994kukreja
RELIABLE CANDLESTICK PATTERNPattern Name: Bullish Engulfing Pattern Type: Bullish Reversal No. of Candles: 02 How to Identify it? 1)There must be a preceding Downtrend. 2)A short Red candle followed by a long green candle. 3)The Green candle should open lower & closes higher than the Red candle. 4) The Green candle should completely engulf the Red candle. The psychology behind it : 1)The Bears lose momentum & the Bulls take charge and manage to close above the red candle. 2)It implies the bulls have fully overridden the bears. How to trade it? 1)Look for the Bullish Engulfing at the bottom of the Downtrend. 2)Upon confirmation, open a Long position in the 3rd Candle. 3)Place a Stoploss below the low of the Green candle.
NSE:HDFCBANKEducation
by farhanf7867
Bank nifty key levels for the upcoming few weekBank nifty might face a consolidation for a few days Fundamental factor 1. war-like situation in the market. 2. most Chinese cities are under lockdown. 3. due to LIC IPO we could see a sell-off in the stocks for some time. 4. Fed might hike the interest rate due to increasing inflation. So, overall there is a lot of fear In the market (REMEMBER ALL THE BULL RUNS START WHEN THERE IS PANIC IN THE MARKET YOU CAN TAKE THE RECENT EXAMPLE OF THE WAR) Technical reasons 1. the level of 35500 is imp because it lies at a 50% fib level and according to price action it is a good support. 2. 200ma is resisting the 37000 level and 50ema is also resisting the market. 3. so overall there are a lot of resistances in this zone so this is a no trading zone. WHEN TO BUY? 1. there is a gap formed at the levels from 37200 to 37600 and the market tends to fill gaps with a big momentum like in the past. 2. So, we could go long once it breaks the no trading zone and 1700 points target could be achieved
NSE:BANKNIFTY1!
by farhanf7867
Can you predict such falls? Fibonacci Retracements - (bad audio)Market fall may have taken few by surprise, but followers of price action techniques should have this scenario in their plan. Trend analysis (or Elliot wave analysis) along with Fib Retracements could be of enormous help if used in tandem with price action. They at least give you minimum target and levels, so that you are able to ride the trend and also do not make impulsive entry decisions. (Disclaimer: the audio quality is really bad. Somehow the system is not allowing external mic and using internal mic which is capturing lot of noise. Tried typical methods but not working. If you have solution let me know)
NSE:NIFTYEducation
by jay21shah
Developing Technical & Fundamental outlook on HDFC, BUY or SELL?After the news of HDFC’s duo merger, the Market cheered and the price shot up. Now it’s back to the breakout point after the huge rise. Is it a good level to buy? Let's get into the Technical outlook first, then, we will explore the fundamental view of the merged entity. Technical Outlook: Bullish signals • Inverse Head & Shoulder pattern formation • Breakout of neckline & Retest Bearish Signals • Price could not sustain breakout of Major Resistance @ 2506 & trading below Psychological level @ 2500. • Indicators showing weakness. The chart has formed an Inverse Head & shoulder pattern. This pattern is considered a continuation pattern and a breakout above the neckline is a bullish signal. The Gap up and volume spike was due to the HDFC duo merger news. Price is back at the breakout level and retesting the neckline support. One key thing to notice on the chart is the Major S&R line at 2506. The price could not sustain above this level and currently trading below the psychological level of 2500. Overall Technical outlook – Neutral, Wait for buy/sell signal For Intraday/ Swing Trade purpose: Two important levels are - Horizontal Resistance at 2506 & the Neckline Support at 2435. If the price breaks down below 2435: Sell at the next red candle or at the retest of breakdown near 2435. SL - above the Major Resistance 2506. If the price breaks out above 2506: Buy at the next green candle or at the retest of breakout near 2506. SL - Below Neckline support 2435 Target/ Exit Level – Trailing SL We'll get correct levels only when the breakout happens under suitable conditions. There are multiple possibilities. The price may go up, down, or sideways. -------------------------------------- Fundamental Outlook: The HDFC duo has a track record of good business practices and customer service. The future looks promising for the merged entity. Reason? Home Loans are secured loans as the house is kept as collateral. Banks love this segment as they have the benefit of cash deposits which are available at lower rates, and they can offer cheaper home loans than NBFCs. But HDFC Bank could not aggressively participate. All they did was assign these home loans to HDFC for a small fee. Why do you ask? Because they would be directly competing with HDFC if they did. The merged entity will have the benefit of: 1) Cash deposits at significantly lower rates which will help offer cheaper loans 2) The customer base of HDFC bank 3) HDFC Bank will have the freedom to aggressively sell these loans. Key Risks: HDFC Bank has always played safe by keeping a lower concentration of loans in the higher-risk segments. It even survived the collapse of debt-ridden infrastructure companies in the 2000s. It seems that this strategy is changing. This press release says: www.hdfcbank.com A lot of mergers don’t work as expected. There could be many reasons for this to happen. Regulatory issues, Systematic problems, market conditions. Although the business outlook is strong, what matters more for intraday/ swing trade is the technical figures on the price chart. I will be following the price movement closely and take a trade when I get a signal. I will also post it here, so follow me and stay tuned for the next update. Post your comments. Let’s have a discussion. Happy trading. 😊 Co-Authors: in.tradingview.com in.tradingview.com Disclaimer: This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor. Sharing my analysis and thoughts for a stronger and healthier community. Cheers
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by Sai_Kumar
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